Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-268-500"
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"en.20120313.17.2-268-500"2
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"It has taken three years of work in order to arrive at a compromise text between our institutions. This text, which I endorsed, should facilitate successions and avoid conflicts where a person dies leaving a will involving the legal systems of more than one Member State. It should be remembered that cross-border successions account for 10% of all successions in the EU. The new arrangements, which will enter into force in 2015, will expedite procedures and reduce administrative formalities for heirs by introducing harmonised criteria concerning the national law applicable to the will where the estate concerns more than one Member State (the default rule will be that of the last place of residence of the testator). It will also make it possible for people living abroad to choose their country of origin as the reference for the applicable law when drafting their will. Finally, it is worth highlighting the creation of a European Certificate of Succession, devised in order to clarify the legal situation of persons making a will and to assist heirs and creditors in proving their status and safeguarding their rights throughout the Union. I only regret that the UK and Ireland have opted out, and that it will not apply in Denmark, which will reduce the impact of the text on the ground."@en1
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